Friday, 17 November 2017
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British inflation rate rises to 4-year high of 2.9 pct

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Core inflation, which excludes volatile energy and food items, rose by 1.7% year-on-year, posting its smallest increase since May 2015. They will increase unless June sees a fall of 3.3 per cent drop, a decline last seen in 2008. The latest wage figures showed the weakest growth since October 2014 and the gap between pay rises and inflation has not been larger since August 2014. Read More »

Australia introduces new amnesty for illegal guns

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He said the main danger is whether a gun lands in the hands of a risky person such as a criminal or terrorist. The move has been precipitated by a steady increase in the number of unregistered firearms in the country. It's Australia's first gun amnesty in 21 years - and the last one led to a sea change in Australia's relationship with firearms. Military-style, semi-automatic assault rifles continue to be banned from public ownership. Read More »

US stocks end flat though Amazon deal weighs; dollar dips

Even Whole Foods, whose premium pricing has become an unintentional part of its brand (who among us hasn't spent $13.7 billion at Whole Foods) reported a 2.7 percent net profit margin during its last quarter. You can see technologies like that being brought to Whole Foods' locations, and then lowering its operating costs. Amazon , meanwhile, has been expanding its reach in goods, services, entertainment - and groceries. Read More »

Walmart buys menswear label Bonobos for $310 million

Another new Walmart program to allow shoppers to purchase online-only products at a discount if the items are picked up at a store was recently rolled out as well. "He and I will now leverage our combined know-how and, with the biggest company in the world behind us, take on creating the leading vertical e-commerce platform". Read More »

President Trump now under investigation for possible obstruction of justice, WAPO reports

Trump later said he had planned to fire Comey regardless of what recommendation he received from Rosenstein and Attorney General Jeff Sessions , who has recused himself from the Russian Federation investigation . Flynn - National Security Advisor who has possible ties to the Kremlin. A day later, Rosenstein appointed Mueller as special counsel . "Nice", reports Efe news . Read More »

Woman saved family from London fire by flooding bathroom

London Fire Commissioner Dany Cotton said Thursday the search of Grenfell Tower will be a "very long process". Emergency responders were dispatched to the 24-story building to battle the blaze. Similar demonstrations are being held across the United Kingdom and Ireland in answer to a call from the residents in Grenfell urging people to help demand justice for the victims who perished in the fire, their families and all those affected. Read More »

London tower block fire protesters storm town hall

Earlier, hundreds had gathered outside Kensington Town Hall demanding answers from the authorities before dozens of them stormed inside the building . "I need to be in one place, I can't move every day". The night before West London-raised popstar Lily Allen told Channel 4 News " the government is trying to micromanage people's grieving ". Read More »

People come together to celebrate loving mother and MP Jo Cox

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An event has been created in her memory called the Great Get Together , which encourages members of the public to come together in community events. But our family has not been broken. He added: "Communities coming together in this way is more important now than ever". Right-wing loner Thomas Mair was given a whole life term after being convicted of her murder at the Old Bailey in November. Read More »

US home construction falls for third month in a row in May

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On a year-on-year basis, the homebuilding fell by 2.4%. The May performance would be damaging to growth in the second quarter with residential investment likely to be a modest drag on activity in the quarter. "Ongoing job growth, rising demand and low mortgage rates should keep the single-family sector moving forward this year, even as builders deal with ongoing shortages of lots and labor". Read More »

2011-2012 Dodge Grand Caravan: Recall Alert

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The recall is for 2011 and 2012 model years. Fiat Chrysler is recalling almost 300,000 Dodge Grand Caravans in North America after it was found that the driver's airbag could accidentally fire at random times. Dealers will inspect wiring and replace it if needed. The fix for this issue is likely fast and simple, unlike with the Takata airbag issues that have taken up much of the recall spotlight. Read More »

Trump announces new Cuba policy to cut US business, tourism

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People don't understand how big it is", Fox said from Tampa. "That did not change under the previous administration's policy. We are going to empower the Cuban people and hold the regime accountable!" "This announcement is about helping that day arrive sooner". Read More »

Student freed by North Korea suffering from brain damage

But Warmbier cited two factors that he feels precipitated his son's release: the arrival of the Trump administration, and the efforts of Joseph Yun, the State Department's point man on North Korea . He also made clear his displeasure with the administration of former President Obama, whose officials, he said, had advised the family to stay quiet so as not to antagonize the North Koreans. Read More »

Oil prices struggle on doubts OPEC can rein in oversupply

Last month, Iran exported about 1. 1 million bpd to Europe including Turkey, nearly reaching pre-sanction levels and only slightly below the 1.2 million bpd supplied to Asia, the source said . The global benchmark crude ended the session at a premium of $2.24 to August WTI. "Balancing... is taking longer". "OPEC 2017 year-to-date exports are only down by 0.3 million barrels per day (bpd) from the October 2016 baseline", analysts at AB Bernstein wrote. Read More »

Rupee strengthens against United States dollar on Asian cues

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On that last note, investors also looked ahead to the Baker Hughes' U.S. rig count data for the latest week to be released at 1:00PM (17:00GMT). Analysts said the data compounded concerns about the underlying health of the USA economy after government figures on inflation and retail sales for May, released on Wednesday, fell well short of market expectations. Read More »

How you can track the rates

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President MP Petroleum Dealers Association, Paras Jain said that necessary change in the system of pumps was already done at all pumps. From Friday, petrol and diesel rates will be revised in sync with any movement in global oil rates. The OMC said that the daily price revision will set new standards of transparency, encourage automation drive of pumps and better stock management practices. Read More »

Dairy dunces? Half of Americans don't know where chocolate milk comes from

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Additionally, 25 percent of respondents said they have gone to the grocery story before 6 a.m.to buy milk , so although some Americans may not know where exactly their milk comes from, they know where to get it. "They did not possess schema necessary to articulate an understanding of post-production activities nor the agricultural crop origin of common foods", the researchers concluded. Read More »

Trump announces changes to Obama-era Cuba policy

Perhaps that is because they are less about real policy than they are paying off a political debt to Cuban American voters whose support gave Trump a narrow victory over Hillary Clinton in the key battleground state of Florida. Chesimard, 68, a Black Panther and Black Liberation Army activist who also goes by the name Assata Shakur has been harbored by Cuba and despite pleas, from the State Troopers Fraternal Organization of New Jersey, President Obama lifted some sanctions and allowed ... Read More »

Nevada restores solar net metering

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The bill protect Nevadans' right to generate, consume and store renewable energy, as well as their ability to connect solar energy systems to the utility in a timely manner without being subjected to burdensome requirements. Utilities will also be required to provide customers with an option to have time-of-use rates created to encourage adoption of battery storage and solar systems. Read More »

Kamala Harris, California Senator and Woman of Color, Makes Jeff Sessions 'Nervous'

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As Harris attempted to get a straight answer out of him, Senator John McCain (R-Ariz.) cut Harris off and chastised her for interrupting the AG. He said that when, during his confirmation hearing before the Senate Judiciary Committee, Senator Al Franken asked him what he would do if he saw evidence corroborating news reports of Trump campaign officials' contacts with Russian officials, he hadn't understood the question. Read More »

UK's May pledges $6.4 million for fire survivors

In 2009, six people died at Lakanal House in Camberwell, south London when a fire broke out, and a coroner's inquest recommended changes to building regulations including the retrofitting of sprinklers. Another complicating factor is that much of the DNA material that would normally be used to help pinpoint victims - like toothbrushes or combs - were probably also incinerated in the blaze. Read More »

Russia, United Arab Emirates discuss Qatar crisis

Secretary of State Rex Tillerson , right, pats the Foreign Secretary. The quarrel involves legitimate complaints about Qatar's support and sympathy for extreme Islamist movements, and longstanding resentment of Qatar's role as a regional gadfly. Read More »

Father of UVA Student Otto Warmbier Holds News Conference

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Otto Warmbier , 22, had been sentenced by a North Korean court to 15 years of hard labor in prison after he was accused of trying to steal a propaganda banner at his Pyongyang hotel. Joy at his release was mixed with concern after his parents said they were told he had been in the coma for over a year. Richardson credited the State Department with the successful return of Warmbier , but said a response by the US government will be required if it is found there was a cover-up relating to ... Read More »

Stock Jumping Abnormally High: General Electric Company (GE)

Globalstar, Inc. (GSAT) formed wedge up with $2.27 target or 7.00% above today's $2.12 share price. The last session's volume of 7.39 million shares was higher than its average volume of 3.11 million shares. Since December 27, 2016, it had 0 buys, and 14 selling transactions for $22.31 million activity. Its down 0.07, from 0.89 in 2016Q3. Shares for $4.72 million were sold by Joyce David Leon . Read More »

Oil subdued on worries Middle East rift will undermine output cuts

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Gasoline futures tumbled four per cent to US$1.4921 a gallon, lowest since May 10, as rising inventories fed worries about weak demand. OPEC's largest producer Saudi Arabia saw its production fall to 9.93 million barrels per day in May, down 40,000 barrels per day from the previous month, as survey panelists said exports were down significantly despite a rise in direct crude burn. Read More »

The Enable Midstream Partners (ENBL) Earning Positive Press Coverage, Study Shows

The stock declined 0.56% or $0.39 reaching $69.76 on the news. The Hilton Capital Management Llc holds 222,546 shares with $16.83M value, down from 227,806 last quarter. Riverpark Advisors Llc decreased Magellan Midstream Prtnrs Lp (MMP) stake by 18.55% reported in 2016Q4 SEC filing. Among 19 analysts covering Magellan Midstream Partners L.P. Read More »

Indian equity markets slip on US Fed rate-hike

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Market breadth was negative with 1,289 advances against 1,223 declines. Among sectoral indices, oil and gas declined by 1.15 per cent followed by PSU, IT and technology. The rupee was trading 13 paise up at 64.53 to a dollar at 3.55 pm on Thursday. Foreign funds sold shares net Rs 312.40 crore while domestic investors bought Rs 304.58 crore yesterday, as per provisional figures. Read More »

Nestle Considers Selling US Chocolate Business as Demand Wilts

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Nestle's other business lines include pet food, bottled water and coffee. The U.S. market represents the largest one for Nestlé , but the confectionery business makes up some 3% of its U.S. In a statement the business said that it remains fully committed to growing its confectionery activities around the world, with sales in that area amounting to CHF 8.8bn ($9bn) in 2016. Read More »

'Dumb and Dumber To' was made with stolen cash, feds say

The fund got its start in 2009, when Malaysian Prime Minister Najib Razak developed it into a state-run entity, with intentions of helping the economic well-being of Malaysia. A spokesperson for Red Granite said, "As we have previously disclosed, Red Granite is actively engaged in discussions with the Justice Department aimed at resolving these civil cases and is fully cooperating". Read More »

Dips after Fed rate hike; tech slumps again

On Wednesday afternoon, Fed Chairwoman Janet Yellen and her colleagues raised a key USA interest rate (http://www. marketwatch .com/story/fed-raises-rates-and-sets-plan-to-shrink-balance-sheet-this-year-2017-06-14) and laid out a plan to shrink the central bank's massive $4.5 trillion balance sheet starting this year. Read More »